2025-11-12T09:50:56-05:00 2024-12-31 611129886 KELLEY GALLOWAY SMITH GOOLSBY PSC 1200 CORPORATE COURT PO BOX 990 ASHLAND KY 411050990 990 2024-01-01 311096215 LEADERSHIP KENTUCKY FOUNDATION INC LEAD 5026951102 464 CHENAULT ROAD FRANKFORT KY 40601 JANICE WAY PRESIDENT 5026951102 2025-09-10 true false LORI F DEARFIELD CPA P00846508 6063291811 2025-11-11 2024 2025-03-06 01:10:19Z JANICE WAY 2014461 false X WWW.LEADERSHIPKY.ORG X 1984 KY BROADENS THE PERSPECTIVES OF CURRENT AND EMERGING LEADERS THROUGH EXPERIENTIAL EDUCATION THAT INSPIRES THEM TO ADVANCE KENTUCKY. 30 30 6 35 0 790357 740272 257350 275500 27585 99684 9630 41670 1084922 1157126 0 0 380455 433083 0 845 455998 415128 836453 848211 248469 308915 2664563 3147504 34096 44801 2630467 3102703 X BROADENS THE PERSPECTIVES OF CURRENT AND EMERGING LEADERS THROUGH EXPERIENTIAL EDUCATION THAT INSPIRES THEM TO ADVANCE KENTUCKY. false false 276892 215681 THE CORE LEADERSHIP KENTUCKY PROGRAM BEGAN IN 1985 AND BRINGS TOGETHER A DIVERSE GROUP OF PEOPLE WHO POSSESS A BROAD VARIETY OF LEADERSHIP ABILITIES, CAREER ACCOMPLISHMENTS, AND VOLUNTEER ACTIVITIES TO GAIN INSIGHT INTO COMPLEX ISSUES FACING THE STATE. THROUGH A SERIES OF SEVEN MONTHLY, THREE DAY SESSIONS, HELD IN VARIOUS LOCATIONS IN THE STATE, OUR PARTICIPANTS ARE EDUCATED ABOUT THE COMMONWEALTH OF KENTUCKY AND ITS CHALLENGES. THEY MEET AND TALK WITH KENTUCKY'S CURRENT LEADERS, AND THROUGH A SYSTEMATIC EDUCATIONAL PROGRAM, EXPLORE THE STATE'S OPPORTUNITIES, NEEDS AND RESOURCES. KENTUCKY'S RICH CULTURAL HERITAGE AND ITS UNIQUE DIVERSITY ARE WOVEN THROUGHOUT THE CURRICULUM THAT FEATURES THE STATE'S ECONOMY, EDUCATION, HEALTH AND HUMAN SERVICES, LAW AND JUSTICE, MILITARY, NATURAL RESOURCES, ARTS, GOVERNMENT, AND TOURISM. IN ADDITION, LEADERSHIP KENTUCKY PROVIDES A THOUGHT-PROVOKING EXPERIENCE FOCUSING ON THE ATTRIBUTES OF LEADERSHIP AND WHAT IT MEANS TO BE A LEADER. BY VISITING VARIOUS REGIONS OF THE COMMONWEALTH, CLASS PARTICIPANTS DEVELOP AN ENHANCED VIEW AND A NEW MEANING TO THE WORD COMMUNITY THAT SPANS THE ENTIRE STATE.DURING 2022, LKY LED A CLASS OF 51 LEADERS FROM ACROSS THE STATE TO FULFILL ITS MISSION. LEADERSHIP KENTUCKY'S SELECTED PARTICIPANTS WERE REQUIRED TO PAY TUITION OF 3,500 FOR 2022. FOR THIS INVESTMENT, THE PARTICIPANT AND THEIR SPONSORING BUSINESS OR ORGANIZATION SEES A RETURN ON THAT INVESTMENT IN EXPERT SPEAKERS, BOOKS, PROGRAM CONTENT, MEALS, TRANSPORTATION AND VENUE ADMISSIONS. ADDITIONAL RETURN ON INVESTMENT IS SEEN THROUGH THE CLASS CONTENT AS THEY LEARN FIRSTHAND THE COMPLEX CRITICAL ISSUES FACING KENTUCKY AND ITS CITIZENS; THEIR BROADENED CIRCLE OF CONTACTS AND NEW ALLIANCES BUILT ACROSS THE STATE; THEY ARE EDUCATED, PREPARED AND INSPIRED TO RETURN TO THEIR RESPECTIVE COMMUNITIES AND ACHIEVE AN EVEN HIGHER LEVEL OF CIVIC PARTICIPATION IN A UNITED EFFORT TO MAKE KENTUCKY A BETTER PLACE FOR ALL ITS CITIZENS. 93500 61600 ELEVATE KENTUCKY FEATURES APPROXIMATELY 25 MEMBERS (AGES 25 TO 35) EACH YEAR. ELEVATE KENTUCKY'S SELECTED PARTICIPANTS PAY TUITION OF 2,200. ELEVATE KENTUCKY OFFERS YOUNG PROFESSIONALS INDEPTH PERSONAL AND PROFESSIONAL DEVELOPMENT WHILE FOSTERING A BETTER UNDERSTANDING OF CHALLENGES FACING OUR COMMONWEALTH. ELEVATE PARTICIPANTS RETURN TO THEIR COMPANIES WITH INCREASED SKILLS, KNOWLEDGE, PERSPECTIVE, AND A NEW STATEWIDE PROFESSIONAL NETWORK. MILLENNIAL LEADERS ARE BETTER PREPARED TO BE CATALYSTS IN THEIR COMPANIES AND COMMUNITIES IN AN EFFORT TO ELEVATE KENTUCKY. 186395 BRIGHT KENTUCKY IS DESIGNED TO BUILD THE CAPACITY OF NEXT GENERATION LEADERS (AVERAGE AGE 21 TO 40 WITH APPROXIMATELY 42 PARTICIPANTS IN THE COHORT) IN THE APPALACHIAN REGION OF KENTUCKY TO INNOVATE, COLLABORATE, AND ADVANCE COMMUNITY AND ECONOMIC DEVELOPMENT. BRIGHT KENTUCKY ENGAGES BRIGHT, ENTREPRENEURIAL MINDS FROM ALL SECTORS AND EASTERN KENTUCKY REGIONS TO OFFER NONPARTISAN, ETHICAL LEADERSHIP TRAINING, EXPANDED NETWORKS, AND MENTORS DESIGNED ESPECIALLY FOR RESIDENTS OF THE 54 KENTUCKY COUNTIES OF THE APPALACHIAN REGIONAL COMMISSION (ARC). BRIGHT IS FUNDED THROUGH A GRANT FROM THE ARC AND PRIVATE CONTRIBUTIONS FROM WHITAKER BANK AND OTHERS. 556787 true true false false false false false false false true false false false false true true true false false false false false false false true false false false false true false false false false false false false false true false false false false false false false false true 10 0 6 true false false false false false true true false false false false false false false false X 30 30 false false false false false false false true true false false true true true true true true true true false KY X JANICE WAY 5026951102 464 CHENAULT RD FRANKFORT KY 40601 X JANICE WAY PRESIDENT X 187815 0 21620 PERRY P ALLEN IMMEDIATE PA X X 0 0 0 DAN BORK TREASURER X X 0 0 0 LESLIE BUDDEKE SMART CFRE DIRECTOR X 0 0 0 ROY LOWDENBACK MA CFRE DIRECTOR X 0 0 0 CRAIG J CARLSON DIRECTOR X 0 0 0 DANIEL CARMACK DIRECTOR X 0 0 0 CAROLLE JONES CLAY DIRECTOR X 0 0 0 BETSY CLEMONS DIRECTOR X 0 0 0 BARBARA K DICKENS EXECUTIVE CO X 0 0 0 LESLIE A FUGATE SECRETARY X X 0 0 0 GARY GERDEMANN DIRECTOR X 0 0 0 TREY GRAYSON EXECUTIVE CO X 0 0 0 TERESA TRIMBLE HAIL EXECUTIVE CO X 0 0 0 REGINA JACKSON EXECUTIVE CO X 0 0 0 ALAN KECK DIRECTOR X 0 0 0 MELISSA LEE KNIGHT EXECUTIVE CO X 0 0 0 AARON CRUM MD DIRECTOR X 0 0 0 SHANNON MONTGOMERY DIRECTOR X 0 0 0 KEN PERDUE EXECUTIVE CO X 0 0 0 AARON POYNTER DIRECTOR X 0 0 0 CHUCK SESSION DIRECTOR X 0 0 0 CHRISANDREA TURNER EXECUTIVE CO X 0 0 0 ELMER K WHITAKER EXECUTIVE CO X 0 0 0 RON WILSON BOARD CHAIR X X 0 0 0 GINA S WINCHESTER CHAIR ELECT X X 0 0 0 CINDY WISEMAN DIRECTOR X 0 0 0 KELLEY WORKMAN DIRECTOR X 0 0 0 JOHN YANES DIRECTOR X 0 0 0 DEBBIE ZUERNER DIRECTOR X 0 0 0 187815 21620 1 false true false 43615 128685 567972 44719 740272 TUITION AND FEES 611710 275500 275500 275500 74932 74932 849711 824959 24752 24752 24752 72265 32376 39889 OTHER INCOME 611710 1781 1781 1781 1157126 277281 99684 187815 148750 39065 185953 144485 41468 31602 21598 10004 27713 22235 5478 69798 20277 49521 15250 12750 2500 8953 3154 5799 7200 7200 112859 89388 23362 109 7142 5714 714 714 MEALS AND ENTERTAINMENT 82611 58938 23673 IN-KIND CONTRIBUTIONS 50330 50330 PROGRAMS & HONORARIUMS 17269 12412 4857 EQUIPMENT AND SPACE RENTA 15447 15147 300 28269 1939 26308 22 848211 556787 290579 845 2888 2888 830927 931530 66834 40000 6730 7000 7944 1080 1729552 2157120 19688 7886 2664563 3147504 5348 8215 15560 31700 13188 4886 34096 44801 X 1431621 1559111 1198846 1543592 2630467 3102703 2664563 3147504 X 308915 183257 5611 -25547 X false true X true false X 551798 723374 792381 742477 651936 3461966 168920 203950 223400 257350 275500 1129120 720718 927324 1015781 999827 927436 4591086 106695 210600 208131 205316 200000 930742 106695 210600 208131 205316 200000 930742 3660344 18322 22723 56300 45353 74932 217630 18322 22723 56300 45353 74932 217630 1974 4550 4688 9630 49046 69888 741014 954597 1076769 1054810 1051414 4878604 0.75030 0.79170 0.04000 0.04000 X PART III, LINE 12 69,888 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20000 25000 20000 20000 20000 20000 20000 20000 20000 20000 1.00000 false false OPERATING LEASE PAYABLE 4886 4886 X 1352823 183257 5611 32376 221244 1131579 25547 25547 1157126 880587 32376 32376 848211 848211 SCHEDULE D, PAGE 3, PART X THE FOUNDATION IS A NONPROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO THE INTERNAL REVENUE CODE. THE FOUNDATION HAS ADOPTED THE PROVISIONS OF THE ACCOUNTING PRONOUNCEMENT RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE FOUNDATION RECOGNIZED NO INTEREST OR PENALTIES IN THE STATEMENTS OF ACTIVITIES FOR EITHER OF THE YEARS ENDED DECEMBER 31, 2024 OR 2023. IF THE SITUATION AROSE IN WHICH THE FOUNDATION WOULD HAVE INTEREST TO RECOGNIZE, IT WOULD RECOGNIZE THIS AS INTEREST EXPENSE AND PENALTIES WOULD BE RECOGNIZED IN OTHER EXPENSES. CURRENTLY, THE PRIOR THREE YEARS ARE OPEN UNDER FEDERAL AND STATE STATUTE OF LIMITATIONS AND REMAIN SUBJECT TO REVIEW AND CHANGE. THE FOUNDATION IS NOT CURRENTLY UNDER AUDIT, NOR HAS THE FOUNDATION BEEN CONTACTED BY THESE JURISDICTIONS. BASED ON THE EVALUATION OF THE FOUNDATION'S TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR EITHER OF THE YEARS ENDED DECEMBER 31, 2024 OR 2023. SCHEDULE D, PAGE 4, PART XI, LINE 2D GOLF OUTING EXPENSES 32,376 SCHEDULE D, PAGE 4, PART XII, LINE 2D GOLF OUTING EXPENSES 32,376 SCHEDULE D, PAGE 4, PART XIII PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUND IS TO SUPPORT THE ORGANIZATION'S OPERATIONS, SCHOLARSHIP ASSISTANCE, AND THE ACTIVITIES OF THE LEADERSHIP KENTUCKY PROGRAM SHOULD ANNUAL FUNDRAISING EFFORTS RESULT IN INSUFFICIENT FUNDING FOR A PERIOD OF TIME. PART X, LINE 2: THE FOUNDATION IS A NONPROFIT ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANCE TO THE INTERNAL REVENUE CODE. GOLF OUTING 72265 72265 32376 72265 72265 32376 32376 39889 X X false false false false false false false false false JANICE WAY PRESIDENT 148750 35000 4065 11025 10595 209435 X 1 44719 false false false SCHEDULE M, PAGE 2, PART II COLUMN B REPRESENTS THE NUMBER OF TIMES ITEMS WERE CONTRIBUTED. FORM 990, PAGE 2, PART III, LINE 4A THE CORE LEADERSHIP KENTUCKY PROGRAM BEGAN IN 1985 AND BRINGS TOGETHER A DIVERSE GROUP OF PEOPLE WHO POSSESS A BROAD VARIETY OF LEADERSHIP ABILITIES, CAREER ACCOMPLISHMENTS, AND VOLUNTEER ACTIVITIES TO GAIN INSIGHT INTO COMPLEX ISSUES FACING THE STATE. THROUGH A SERIES OF SEVEN MONTHLY, THREE DAY SESSIONS, HELD IN VARIOUS LOCATIONS IN THE STATE, OUR PARTICIPANTS ARE EDUCATED ABOUT THE COMMONWEALTH OF KENTUCKY AND ITS CHALLENGES. THEY MEET AND TALK WITH KENTUCKY'S CURRENT LEADERS, AND THROUGH A SYSTEMATIC EDUCATIONAL PROGRAM, EXPLORE THE STATE'S OPPORTUNITIES, NEEDS AND RESOURCES. KENTUCKY'S RICH CULTURAL HERITAGE AND ITS UNIQUE DIVERSITY ARE WOVEN THROUGHOUT THE CURRICULUM THAT FEATURES THE STATE'S ECONOMY, EDUCATION, HEALTH AND HUMAN SERVICES, LAW AND JUSTICE, MILITARY, NATURAL RESOURCES, ARTS, GOVERNMENT, AND TOURISM. IN ADDITION, LEADERSHIP KENTUCKY PROVIDES A THOUGHT-PROVOKING EXPERIENCE FOCUSING ON THE ATTRIBUTES OF LEADERSHIP AND WHAT IT MEANS TO BE A LEADER. BY VISITING VARIOUS REGIONS OF THE COMMONWEALTH, CLASS PARTICIPANTS DEVELOP AN ENHANCED VIEW AND A NEW MEANING TO THE WORD COMMUNITY THAT SPANS THE ENTIRE STATE.DURING 2022, LKY LED A CLASS OF 51 LEADERS FROM ACROSS THE STATE TO FULFILL ITS MISSION. LEADERSHIP KENTUCKY'S SELECTED PARTICIPANTS WERE REQUIRED TO PAY TUITION OF 3,500 FOR 2022. FOR THIS INVESTMENT, THE PARTICIPANT AND THEIR SPONSORING BUSINESS OR ORGANIZATION SEES A RETURN ON THAT INVESTMENT IN EXPERT SPEAKERS, BOOKS, PROGRAM CONTENT, MEALS, TRANSPORTATION AND VENUE ADMISSIONS. ADDITIONAL RETURN ON INVESTMENT IS SEEN THROUGH THE CLASS CONTENT AS THEY LEARN FIRSTHAND THE COMPLEX CRITICAL ISSUES FACING KENTUCKY AND ITS CITIZENS; THEIR BROADENED CIRCLE OF CONTACTS AND NEW ALLIANCES BUILT ACROSS THE STATE; THEY ARE EDUCATED, PREPARED AND INSPIRED TO RETURN TO THEIR RESPECTIVE COMMUNITIES AND ACHIEVE AN EVEN HIGHER LEVEL OF CIVIC PARTICIPATION IN A UNITED EFFORT TO MAKE KENTUCKY A BETTER PLACE FOR ALL ITS CITIZENS. FORM 990, PAGE 6, PART VI, LINE 11B PRIOR TO FILING, FORM 990 IS REVIEWED BY THE BOARD AND APPROVED. FORM 990, PAGE 6, PART VI, LINE 12C LEADERSHIP KENTUCKY FOUNDATION ANNUALLY SURVEYS ITS EXECUTIVE COMMITTEE, BOARD OF DIRECTORS, OFFICERS AND OTHER KEY PERSONS TO DETERMINE POTENTIAL CONFLICTS OF INTEREST. A QUESTIONNAIRE IS DISTRIBUTED TO THE CONSTITUENTS AS WELL AS A DETAILED DESCRIPTION OF WHAT MIGHT CONSTITUTE A CONFLICT OF INTEREST WITH THE ORGANIZATION AS PART OF THIS SURVEY. IF A POTENTIAL CONFLICT OF INTEREST EXISTS, THE ORGANIZATION WILL EXERCISE DUE DILIGENCE TO DETERMINE WHETHER A MORE ADVANTAGEOUS TRANSACTION CAN BE OBTAINED FROM A PERSON WHO WOULD NOT HAVE A CONFLICT OF INTEREST. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, THE INTERESTED PERSON IS TO LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE MEETING MINUTES ARE TO REFLECT THE DISCLOSURE AND VOTE ABSTENTION. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT THAT DOES NOT PRODUCE A CONFLICT OF INTEREST IS NOT REASONABLY POSSIBLE, THE GOVERNING BODY WILL DETERMINE BY MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST AND WHETHER IT IS FAIR AND REASONABLE. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF AFTER HEARING THE MEMBER'S RESPONSE AND MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PAGE 6, PART VI, LINE 15A THE PRESIDENT AND ALL EMPLOYEES ARE REVIEWED BY THEIR IMMEDIATE SUPERIOR WITH INPUT FROM OTHERS ANNUALLY. A WRITTEN FORMAT IS USED FOR ALL EVALUATIONS MEASURED, IN PART, BY THEIR AGREED UPON PERSONAL AND ORGANIZATIONAL GOALS. EVERY 2-3 YEARS, OR AS NEW EMPLOYEES ARE HIRED, WE UNDERTAKE A REVIEW OF COMPARABLE JOB DESCRIPTIONS AND SALARIES AS WELL AS CURRENT TRENDS IN ANNUAL RAISE PERCENTAGES AND COST OF LIVING. FORM 990, PAGE 6, PART VI, LINE 15B THE PRESIDENT AND ALL EMPLOYEES ARE REVIEWED BY THEIR IMMEDIATE SUPERIOR WITH INPUT FROM OTHERS ANNUALLY. A WRITTEN FORMAT IS USED FOR ALL EVALUATIONS MEASURED, IN PART, BY THEIR AGREED UPON PERSONAL AND ORGANIZATIONAL GOALS. EVERY 2-3 YEARS, OR AS NEW EMPLOYEES ARE HIRED, WE UNDERTAKE A REVIEW OF COMPARABLE JOB DESCRIPTIONS AND SALARIES AS WELL AS CURRENT TRENDS IN ANNUAL RAISE PERCENTAGES AND COST OF LIVING. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST TO BE VIEWED AT THE ORGANIZATION'S OFFICE. FORM 990, PART XI, LINE 9 GOLF OUTING EXPENSES 32,376 GOLF OUTING EXPENSES -32,376